Category Archives: Uncategorized

xxx The Microsoft-owned company’s first moderation report, published on Thursday, revealed that 19.5m fake accounts had been automatically tackled at the moment of registration by its AI systems, with a further 2m “restricted” after being created. Are LinkedIn’s 21m fake accounts the work of spies?: xxx

xxx A live simulation of a White House National Security Council meeting during a major national security crisis with former senior administration officials and thought leaders Nicholas Burns, Ash Carter, Jennifer Fowler, Gary Gensler, Aditi Kumar, Neha Narula, Meghan L. O’Sullivan , Eric Rosenbach, Lawrence H. Summers, and Richard Verma. Digital Currency Wars: A NationalContinue reading “Digital Currency Wars: A National Security Crisis Simulation | The Institute of Politics at Harvard University”

xxx So the upshot is that China’s CBDC will be providing a certain sort of privacy to users. Which reminds me about what Rodney Garratt and Morten Bech, two economists that specialize in payments systems, have written about payments anonymity. According to Garratt and Bech, there are two grades of payments anonymity. With third-party anonymity,Continue reading “Moneyness: "Controllable anonymity"”

xxx “Sixty two percent of U.S. respondents in Bain’s annual retail banking report published Monday said they would buy a financial product from an established technology company. Among people ages 18 to 34 it was even higher — roughly 75% said they would be open to banking with a tech giant.” From “Majority of AmericansContinue reading “Majority of Americans would try banking with big tech: Bain report”

xxx “Practical MaaS delivers public transit ticketing within consumer facing or white label MaaS apps such as; Uber, Transit, Moovit, Gertek and Kisio Digital. This connects public transit with private mobility services without the need for discounts on tickets or new business models.” From “The Future of Fare Payments: Account-Based Ticketing and MaaS”. xxx

xxx The Chinese have, to an extent, leapfrogged the credit and debit card revolution that overtook advanced economies in the last century, with most of new adopters using mobile technology to go cashless… almost two-thirds of online sales and more than one third of payments in stores were now made through leading mobile wallet operatorsContinue reading “Cashless China”

xxx Contactless cards accounted for just under one-third of [UK] credit card transactions and getting on for half (46 per cent) of transactions on debit cards, Contactless payments continue to soar | Financial Times: xxx

xxx “Fundamentally, a bank is a balance sheet, a data-processing system and a sales force.” From “Cache crunch: Google-Citi deal could be future of banking | Financial Times”. xxx

xxx “The US tech firms need only look to Asia for a lesson in how a push into banking can accelerate their growth. There, tech firms plowed into finance years ago and largely won out. In Beijing, it’s embarrassing to pull out a credit card rather than a QR code that links to your WeChatContinue reading “Every Tech Company Wants to Be a Bank—Someday, At Least | WIRED”

xxx It’s not surprising that given the choice between a free, seedy internet and a costly, orderly one, more people are opening their wallets. Online Cesspool Got You Down? You Can Clean It Up, For a Price – The New York Times: xxx